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Feb 22, 2013
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a third economy is italy. that's faring even poorer. going into an election this weekend, the economy is still expected to some rnk by .1% now. -- schrenk by .1%. >> italy continues to contract for the next year, pretty significantly, much more than france and germany, which everyone has been focusing on today. i think we can expect italy's economic performance to be bad the next couple of years. >> but there is a growing consensus things could even get worse depending on the election results this weekend. it's been called the make or break election. if the winner departs too far from the economic reforms which were put in place by the outgoing president, the markets could turn against italy once again. our correspondent spoke to one of italy's most successful entrepreneurses, the man behind a jeans company. he certainly has his concerns about the abilities of all the candidates going forward. >> just thinking about the tuation, just to make some little adjust, readjust, what exists. it's not really a program how to do something for thi
a third economy is italy. that's faring even poorer. going into an election this weekend, the economy is still expected to some rnk by .1% now. -- schrenk by .1%. >> italy continues to contract for the next year, pretty significantly, much more than france and germany, which everyone has been focusing on today. i think we can expect italy's economic performance to be bad the next couple of years. >> but there is a growing consensus things could even get worse depending on the...
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Feb 19, 2013
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italy has the third largest economy in the eurozone. what happens here matters inside and outside the country. >> testing the mood and temperature on the tuscan coast. you may have noticed that the universe is moving faster than expected and scientists are struggling to explain why the galaxies are rotating at these speeds and planets are flying apart more quickly than they should. a team from america is going to use the hubble has -- hubble telescope to investigate what is called dark energy. our science correspondent explains. >> the world around us is made of atoms. they link up to form the buildings that we see, the water that flows, and all life on the planet. scientists have discovered something else out there that makes up most of the universe, a force that was present at the beginning of time. the current theory of physics suggests that the expansion of the universe slow down after the big bang and would then contract. instead with seems to be happening is that galaxies seem to be flying apart faster than ever before. scientists
italy has the third largest economy in the eurozone. what happens here matters inside and outside the country. >> testing the mood and temperature on the tuscan coast. you may have noticed that the universe is moving faster than expected and scientists are struggling to explain why the galaxies are rotating at these speeds and planets are flying apart more quickly than they should. a team from america is going to use the hubble has -- hubble telescope to investigate what is called dark...
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Feb 21, 2013
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. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello, you are watching "gmt" on "bbc world news." another dramatic twist on the oscar prestorious case. police investigator leading the investigation is facing charges. revelations come as the caribbean fight bail. high unemployment -- as the pair olympian -- paralympian fight for bail. and a hot waters that are home to some very unusual wildlife. also in the program, jamie has a look at the world of business.
. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the...
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Feb 20, 2013
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but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks to domestic policies and things over the years and foreign companies which we really need don't want to come ere to invest. >> we sell sandwiches and we are in the food business that business is still ok they think, but that is absolutely not true. here in florence there are loads of restaurants, and they are closing everywhere. in fact, we are probably hit first from the crisis. people stop coming to restaurants. they eat at home. >> the structural reforms italy so needs are the common things but italians know it's one thing for their politicians to promise and quite
but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks...
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Feb 24, 2013
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but i want to understand how the real economy works." and then i discovered that i needed to re-educate myself. i had to go learn things that i was never assigned to read. >> after harvard? after stanford? and after yale? >> it actually happened while i was there. i was already, there were a few people -- >> they produce heretics. >> yes, they do. >> a few. >> you know, but you know, capitalism -- i like to say to people, capitalism, like all systems, when it comes into being, is born a few hundred years ago in europe and spreads around the world, like other systems before it. it has always produced those who admire and celebrate it and those who are critical of it. i used to say to my students, "if you want to understand the family who lives down the street, suppose there's mama, papa, two children. and one of the children thinks it's the greatest family there ever was, and the other one is quite critical. if you want to understand the family, do you choose only one child to interview, or do you think it might be wise to interview both
but i want to understand how the real economy works." and then i discovered that i needed to re-educate myself. i had to go learn things that i was never assigned to read. >> after harvard? after stanford? and after yale? >> it actually happened while i was there. i was already, there were a few people -- >> they produce heretics. >> yes, they do. >> a few. >> you know, but you know, capitalism -- i like to say to people, capitalism, like all systems,...
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Feb 22, 2013
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this health care economy is going to eat us alive. i mean it's almost as if, charlie, we've been living in two worlds. in our world, in everybody's world except the health care world, the economy is actually to the been so great in case you haven't noticed in you know the last you know decade. certainly the last five or six years. the economy hasn't been so great there are issues with employment, issues with income security, all this stuff that we've all lived through. then there's this other world in the united states called the health care economy where everything has been booming. the jobs keep growing. incomes keep going up. hospitals -- >> insurance companies are doing okay. >> the insurance companies are doing okay. ge is doing great, selling cat scans, siemens is doing great selling cat scans. the drug companies are doing great. it got to a point because i started this, you know, awhile ago, we just updated the c.e.o. salaries for the hospitals i write about. they were going up 5, 10, 15%. >> a bitter pym by steven brill. nicol
this health care economy is going to eat us alive. i mean it's almost as if, charlie, we've been living in two worlds. in our world, in everybody's world except the health care world, the economy is actually to the been so great in case you haven't noticed in you know the last you know decade. certainly the last five or six years. the economy hasn't been so great there are issues with employment, issues with income security, all this stuff that we've all lived through. then there's this other...
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Feb 18, 2013
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it could cost the economy millions of euros. a decline in consumer spending in europe has hit the world's fourth largest [indiscernible] profits have stalled in their key markets of russia and eastern europe. they say they are now focusing on asia to exhaust their opportunities. like much of the world, the british high street has suffered from huge casualties lately. but now a supermarket chain is hoping to find some success. they have purchased 49 shops from the failed film rental chain, blockbuster, which they will transform and convenience stores. the new franchise is expected to create new jobs. for the moment the managing director describe what was behind the change. >> the convenience sector, 20 pence on every pound in the u.k. is spent in convenience stores. customers tell us that those convenience stores do not give them fresh products or prices. we thought we could bring morris into a convenience store, offering great and fresh products at great prices. they consider the opportunity to go to high streets and bring back
it could cost the economy millions of euros. a decline in consumer spending in europe has hit the world's fourth largest [indiscernible] profits have stalled in their key markets of russia and eastern europe. they say they are now focusing on asia to exhaust their opportunities. like much of the world, the british high street has suffered from huge casualties lately. but now a supermarket chain is hoping to find some success. they have purchased 49 shops from the failed film rental chain,...
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Feb 24, 2013
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the most important thing is the british economy does not suffer as a result of it. is not kicked out of the equation. if we do it that way and we make the theft a white-collar crime, it could be and everybody when situation. we have to have the patent system to be a universal thing. we did not want to go to a country, and they say sorry, made, we do not do it this way. >> that is all far this week. -- that is all for this week. from all of us, goodbye. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. >> at union bank, our relationship managers work hard use their expertise to guide to the business strategies and opportunities of international commerce. we pledge our extended global network to work for a wide range of companies from small businesses to major corporations. what can we do for you?
the most important thing is the british economy does not suffer as a result of it. is not kicked out of the equation. if we do it that way and we make the theft a white-collar crime, it could be and everybody when situation. we have to have the patent system to be a universal thing. we did not want to go to a country, and they say sorry, made, we do not do it this way. >> that is all far this week. -- that is all for this week. from all of us, goodbye. >> funding of this...
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. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been negotiations for some significant period of time. and this is an opportunity to test the iranians. i think this initial round is not going to prove much but certainly over the next six months, i think there will be an ample opportunity to see if there is an intent on the iranian part to reach some sort of compromise. >> rose: leon panetta and others have said the following. we have no information that there's been a decision on the part of the iranian government and the most influential people there to builds a nuclear weapon and a missile that will deliver it. what do they mean when they say that? >> well,
. >> well they certainly affected the economy, had a huge effect on the economy and led to the devaluation of the iranian currency. but it's an excellent question because there's some talks coming up now in kazakhstan of all places in late february involving the eu, the united states and the iranians. and so this is going to be a venue in which people are going to be able to see to a certain extent how serious iran is about negotiating on limits on its nuclear program. there hasn't been...
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Feb 21, 2013
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we believe in creating an economy that works for everyone. until we spend at the level necessary, that cannot happen. >> and the likelihood of that happening before march 1? parks highly doubtful. both sides are preparing for the public relations disaster. this is one of three crises coming over the next six weeks for budgets. there's a possible government shutdown at the end of march, and may 1, parts of the government could be shut down the lead to a downgrade and possibly to fall depending on how it is managed. we're in for a rough ride. the longer it goes on, the more entrenched both sides will be and the likelihood everything will come off the rails. >> imara jones, thank you for being with us, writing for colorlines, economic justice contributor at colorlines.com. he served in the clinton white house where he served on international trade policy. his piece is, "what's 'sequestration' mean in real life?" we will link to it on democracynow.org. as we move now to our last segment. >> we end today's show with a look at david versus goliath,
we believe in creating an economy that works for everyone. until we spend at the level necessary, that cannot happen. >> and the likelihood of that happening before march 1? parks highly doubtful. both sides are preparing for the public relations disaster. this is one of three crises coming over the next six weeks for budgets. there's a possible government shutdown at the end of march, and may 1, parts of the government could be shut down the lead to a downgrade and possibly to fall...
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Feb 19, 2013
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because they made -- they tied education to the economy. i think exact opposite happens here. >> rose: yeah. >> in the last presidential election we heard maybe three lines about it. >> rose: in any debate. >> and the shocking thing is when we know that our problem in this country is jobs and the economy you can't not talk about education because the only way that we're going to regain our position in the global marketplace is to have a skilled work force. >> rose: you can either see it as a spending issue or an investment issue. >> that's right. and we 100% in this country do not see as an investment in our future. i think that's extraordinarily problematic. >> rose: but are we spending our dollars well, is the question. >> no. no. i saw a really interesting scatter plot about two years ago it was of all of the developed nations in the world and on one axis it was academic achievement levels and on the other it was per student expenditures. and we were in the quadrant that you don't want to be in. the you spend a lot of money and get low a
because they made -- they tied education to the economy. i think exact opposite happens here. >> rose: yeah. >> in the last presidential election we heard maybe three lines about it. >> rose: in any debate. >> and the shocking thing is when we know that our problem in this country is jobs and the economy you can't not talk about education because the only way that we're going to regain our position in the global marketplace is to have a skilled work force. >> rose:...
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growing connecticut's economy. >> we talked a lot about jobs and the economy and in my district one of the central features has been around small business and that's particularly important for women because so many small businesses are run by women. and this is a tremendous opportunity all across my district, including for the inner cities where you see a lot of entrepreneurship but we don't have a lot of access to credit. but it's also an opportunity around manufacturing which happens to be quite important in my district as well. and there are wonderful jobs but we don't have the skill sets so i'm very interested in looking at developmental skill of young people in high school and in community colleges, for example, to have skills that will allow them to do manufacturing in the 21st century. >> and despite being in the minority party, she feels she can get all this and more done. >> i am an optimist and i want to see forward progress for this country. so i hope we move forward with the resolution that allows us to really address these long term issues for the american people. >> i was
growing connecticut's economy. >> we talked a lot about jobs and the economy and in my district one of the central features has been around small business and that's particularly important for women because so many small businesses are run by women. and this is a tremendous opportunity all across my district, including for the inner cities where you see a lot of entrepreneurship but we don't have a lot of access to credit. but it's also an opportunity around manufacturing which happens to...
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Feb 17, 2013
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the creaky economy shrunk by 70 billion euros. it is like seeing a snake in a tree and deciding to burn the entire forest to get rid of the snake. is an absurdity. >> he has been to buenos aires, rio, and washington. but the situation is fractious. some worry that he has too much power and that is only those in the black t-shirts left expressing. >> a man that is going to lead the tube strikers against the government. it is a serious question. >> by think that this is exactly our biggest advantage. -- i think that. at the same time, we can be down in the streets fighting in mobilizing the masses. in greece, we have people that are committing suicide, every day, beaten by an absolute despair. in order for those people to live, they need to defeat them and claim their rights. >> he lost the election, and the incoming government destabilized things economically. the cold war, destabilization, it will always polarized and split greek politics, and that is really what he is trying to do. >> and from greece to one of her neighbors. at a
the creaky economy shrunk by 70 billion euros. it is like seeing a snake in a tree and deciding to burn the entire forest to get rid of the snake. is an absurdity. >> he has been to buenos aires, rio, and washington. but the situation is fractious. some worry that he has too much power and that is only those in the black t-shirts left expressing. >> a man that is going to lead the tube strikers against the government. it is a serious question. >> by think that this is exactly...
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that is due to strained bilateral relations and also a slow down in the chinese economy. officials at the japan external trade organization say that the trade deficit came to more than $44 billion. that's just about double the amount in 2011. the shortfall topped the previous record set in 2005. exports to china amounted to nearly $145 billion. that was down more than 10% from the previous year. it was the first drop in three years. now, falling exports of cars and construction machinery were the main factors here. on the other hand, imports from china rose 3% to roughly $190 billion. that was attributed to growing imports of smart phones and food products, including meat. let's see what happened on the markets here in asia. stocks were pretty mixed this tuesday. not a lot of clear direction out there today. the nikkei shed 0.3%. shanghai stocks down 1.6% today while hong kong shares lost 1%, sinking to a one-month low. european shares are looking like this. they are trading higher today on better business sentiment data out of germany. london is up by 0.3%. we have gains
that is due to strained bilateral relations and also a slow down in the chinese economy. officials at the japan external trade organization say that the trade deficit came to more than $44 billion. that's just about double the amount in 2011. the shortfall topped the previous record set in 2005. exports to china amounted to nearly $145 billion. that was down more than 10% from the previous year. it was the first drop in three years. now, falling exports of cars and construction machinery were...
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there will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. now republicans face a simple choice. are they willing to compromise to protect a vital investments in education and health care and national security and all the jobs that depend on them, or with a rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? >> an analysis from the economic group macro economic advisers warned on tuesday the sequester will slow economic growth by more than half a percentage point and result in the loss of 700,000 jobs. the supreme court has agreed to take up what is been described as the most pivotal campaign finance case since the landmark citizens united decision of 2012 -- 10. on tuesday, the court i hearagro the challenge of a republican activist who wants to lift the cap on individual donations to candidates, political parties, and political action committees. the activist has joined with republican national commit
there will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. now republicans face a simple choice. are they willing to compromise to protect a vital investments in education and health care and national security and all the jobs that depend on them, or with a rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? >>...
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imposing crushing sanctions on iran which have proved very effective on delivering a blow to the iranian economy. the president said that containment is not an option but all other options remain on the table. we sign on to that, too. and we have a very close and ongoing dialogue with the administration about ways that we can realize the goals of the president himself has set. president obama has said that if israel was completely unsolved in the iranian issue it would still be -- a not a moral concern. he said a paramount strategic threat to the united states. >> so the comments made to the campaign where there was a concern of a bright line, the fact that the president was not able to meet with mr. netanyahu in new york. there was some friction back then, all forgiven, all done, move on. >> you haven't heard about it in a long time. i think when prime minister net in the got up in front of the general assembly in september, you'll remember the ball with the red -- >> i do. >> he said something that was perhaps obscured by the drawing. he said, it's not important when iran gets the bomb or even
imposing crushing sanctions on iran which have proved very effective on delivering a blow to the iranian economy. the president said that containment is not an option but all other options remain on the table. we sign on to that, too. and we have a very close and ongoing dialogue with the administration about ways that we can realize the goals of the president himself has set. president obama has said that if israel was completely unsolved in the iranian issue it would still be -- a not a moral...
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Feb 21, 2013
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. >>> many japanese were starting to feel optimistic about the future of the nation's economy with the new prime minister, but prices at the pump are putting a damper on things. ron madison is here with the latest on that. >> it is times like these when i'm glad i don't have a car, but people like you and other drivers are feeling the pinch now because gas prices have been increasing for at least the past two months now. japanese government surveys asked questions of major wholesalers about the higher retail prices of gasoline and kerosene. the agency is concerned about excessive prizes caused by the weaker yen to push-up the cost of natural imports. the energy agency officials summoned executives of oil wholesalers on thursday asking executives about their company's cost for crude oil imports, the volume of gasoline shipments as well as inventories. now the average retail price of regular gasoline climbed for an 11th straight week. the price of kerosene has also risen for a 12th week in a row. the president of the japanese oil wholesalers organization says he will instruct member comp
. >>> many japanese were starting to feel optimistic about the future of the nation's economy with the new prime minister, but prices at the pump are putting a damper on things. ron madison is here with the latest on that. >> it is times like these when i'm glad i don't have a car, but people like you and other drivers are feeling the pinch now because gas prices have been increasing for at least the past two months now. japanese government surveys asked questions of major...
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funds into phantom congressional districts, suggesting money intended to create jobs and shore up the economy had been misused or lost three had one of the key websites to report this was mexico watchdog.org -- which is almost entirely funded by donorstrust. >> take a look to this map. the government is claiming jobs created in nine oklahoma congressional districts -- the problem is, there are only 538 districts in iowa, but there are only five. eight districts in connecticut, but there are only five. as you point out, bill, the government claims 17,544 jobs created or saved in six congressional districts -- there is only one congressional district in puerto rico. >> i don't know if we should be laughing or crying. 99 congressional districts in puerto rico alone. good lord. >> yes, yes, yes, please raise your eyebrows. it is very bad, very unreliable statistics. it really undermines all these claims of job creation from stimulus. >> that fox news report was based on a report by new mexico watchdog.org, one of the some called watchdog organizations funded by donors trust. john dunbar, your res
funds into phantom congressional districts, suggesting money intended to create jobs and shore up the economy had been misused or lost three had one of the key websites to report this was mexico watchdog.org -- which is almost entirely funded by donorstrust. >> take a look to this map. the government is claiming jobs created in nine oklahoma congressional districts -- the problem is, there are only 538 districts in iowa, but there are only five. eight districts in connecticut, but there...
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Feb 21, 2013
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our problems at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i think we need to understand now is i believe in the strength of america. i think that we have a huge role to play in the world but i don't see why we have to do everything alone and so i very much agree with the approach of having partners where we can, in fact, help in other parts of the world together. that would be my shortest version of what i believe in and that i really do think while i understand the pain of people in this country i think only solution to resolving it is for us to be active internationally with others. >> rose: one question is whether that's what the rest of the world wants. many peop
our problems at home unless we have an international outlook because of the interconnectedness of our economies, competition and so for us to all of a sudden pull up the gangplanks and worry about ourselves alone i think will bring the kind of problems that we saw before. nothing is a complete analogy, but i do think that there are some lessons learned from this. i do also believe that many americans do understand that we have a stake in what is happening in other countries. the part that i...
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Feb 18, 2013
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longer than it's ever been because technology has seeped into more and more crevices and nooks of the economy. because when i started at sequoia capital there's no way that we would have considered investing in a payments company, a financial services company, a media company. an advertising company. all of those sorts of things we've invested in quite happily in the last 15 years. it was technology and-- seeping out everywhere. >> rose: at the core of every business. >> exactly. and where technology goes, we follow. >> rose: you've been outspoken or at least you've made public statements saying wait, don't be so critical of apple because of the decline in the stock price. you believe in the future of apple and there's nothing, no reason not to be excited about the continued growth of that company. >> i'm not a soothsayer. all i was trying to do in the pandemonium after they announced their results recently was just try to paint a picture of realistic expectations for a company that is now as large as apple is. and-- . >> rose: second largest company in the world. >> and the point that i was
longer than it's ever been because technology has seeped into more and more crevices and nooks of the economy. because when i started at sequoia capital there's no way that we would have considered investing in a payments company, a financial services company, a media company. an advertising company. all of those sorts of things we've invested in quite happily in the last 15 years. it was technology and-- seeping out everywhere. >> rose: at the core of every business. >> exactly....
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Feb 18, 2013
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biggest donors, goldman sachs, masterminds of the mortgage-backed securities that almost sank the world economy. cantor's also the third largest recipient of money from the national rifle association in the house, which is one reason he's such a "big gun" there. senator robert menendez, democrat of new jersey, may be in hot water. he's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. and there's fred upton, republican from michigan, chairman of the house energy and commerce committee. what a coincidence. the oil and gas industry is one of his top donors, helping him raise the $4 million dollars he spent last year to win re-election. senator kirsten gillibrand and senator chuck schumer, democrats of new york, have wall street as a constituent and patron. her biggest contributors include jpmorgan chase, morgan stanley, goldman sachs, and law firms that have advised them. his top donors include securities and investment firms, lawyers and legal firms, and lobbyists. and there are fleeting glances of some familiar faces h
biggest donors, goldman sachs, masterminds of the mortgage-backed securities that almost sank the world economy. cantor's also the third largest recipient of money from the national rifle association in the house, which is one reason he's such a "big gun" there. senator robert menendez, democrat of new jersey, may be in hot water. he's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. and there's fred upton,...
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>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividend which a lot of people consider lazy and uncreative to try to go out and buy company. the rich are getng richer and the big companies, the only place they can use the huge acquisitions to put the huge pile of cash to good use. >> brenda: gary b, we talk about the markets be in record highs or all-time highs and we were basicly where we were six years ago. >> exactly, brenda. in fact the nasdaq is way below its all-time highs, so there's plenty of room to grow and getting back to,ou know, larry and jonas made excellent points. normally merger activity is a harbinger of an improving economy and i think the stock market could break higher. the only point, jonas said about buffet always
>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividend which a lot of people consider lazy and uncreative to try to go out and buy company....
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Feb 23, 2013
02/13
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KQED
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is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion potentially taken out of the growth of government spending between march 1 and the end of september and a $4 trillion budget. proportionally for median household income that's the equivalent of $1,000 out of a $50,000 income being taken out. how can that impact economy so much? >> well, it's-- it amounts to something like an 8% cut in the level of government services, other kinds of government expenditures, and at the margin, that's enough to have a noticeable impact on economic growth. now, remember, it's 80-odd-billion over the second
is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion...
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Feb 22, 2013
02/13
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LINKTV
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today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by...
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Feb 16, 2013
02/13
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CNNW
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it's easy to flood the economy with cheap money. it's not that easy to pull it back. >> dan gross, stephen moore, zanny beddoes, great to see you all. have a good weekend. >>> up next, rethinking education. students are getting a jump in the lucrative field. is the focus on jobs at this age the wrong approach? what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. we've got a lot of empty cans. ( ♪ ) for those nights when it's more than a bad dream, be ready. for the days when you get a sudden call from the school, be ready. for the times you need to double-check the temperature on the thermometer, be ready. when you have children's motrin on hand, you're ready. for high fever, nothing works faster or lasts longer than children's motrin. be ready with children's motrin. i've been using crest pro-health for a week. my dentist said it was gonna help transform my mouth. [ male announcer ] go pro. for a clean that's up to fo
it's easy to flood the economy with cheap money. it's not that easy to pull it back. >> dan gross, stephen moore, zanny beddoes, great to see you all. have a good weekend. >>> up next, rethinking education. students are getting a jump in the lucrative field. is the focus on jobs at this age the wrong approach? what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. we've...
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then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need to work on both one last question is of course something i have to ask everybody is talking about the currency wars everyone is doing at the central banks all over the world are trying to consolidate their currency rates to make their economies more competitive and that in a way is is natural there are no currency wars today we are far far further away today from the currency war than we were two or three years ago when these french phrase was coined ok what we have today is a number of countries exploring ways in which they can improve the growth prospects and improve the job creation ok not necessarily manipulating the currency to gain competitiveness at the expense of the next person. it is in everybody's interest that the united states recover their dynamism it's going to create growth and jobs everywhere in
then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need to work on both one last question is of course something i have to ask everybody is talking about the currency wars everyone is doing at the central banks all over the world are trying to consolidate their currency...
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Feb 18, 2013
02/13
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CSPAN
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that's the idea of the one nation economy. it will be built by the many by all of us working together and not just a few at the top. that's what we're going to fight for between now and the next general election. this is not just an argument in british politics, this is the argument about where our country goes. it is the choice that will dominate the election. it is a choice between two divisions of our economy. let melee out the choice for you. -- let melee out -- me lay out the choice for you. it is one nation labour business. our economy will only prosper when the vast majority people in this country prosper too. when working families have confidence and security and they can invest in the future and start small businesses of their own. this is a high-stakes election that we will be facing. i think britain is a fork in the road. we can carry on as we are, falling wages, low growth, failure to take on the deficit. or britain can take the path that i have outlined, a recovery made by the many. tacking the low growth and redu
that's the idea of the one nation economy. it will be built by the many by all of us working together and not just a few at the top. that's what we're going to fight for between now and the next general election. this is not just an argument in british politics, this is the argument about where our country goes. it is the choice that will dominate the election. it is a choice between two divisions of our economy. let melee out the choice for you. -- let melee out -- me lay out the choice for...
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Feb 16, 2013
02/13
by
CSPAN
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eye 83
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out of the economy. i'm afraid we are getting to a situation where we are being told that tax increases are beat -- are bad for the economy, too much borrowing is bad for the economy, particularly in the future you are projecting, and spending cuts are bad for the economy, and that does not leave us with many options. >> the effects of fiscal policy on the economy are different under different economic circumstances. that is a widely held -- not universally held, but widely held -- view among economists, and that is the perspective we take. under current economic circumstances, when private demand for goods and services is low, additional government demand for the government's offering additional private demand can both increase the overall demand for goods and services and thus encourage businesses to hire more. under different economic circumstances of the sort we usually have in this country and we expect we will have again five or 10 years from now, then this competition you are describing between th
out of the economy. i'm afraid we are getting to a situation where we are being told that tax increases are beat -- are bad for the economy, too much borrowing is bad for the economy, particularly in the future you are projecting, and spending cuts are bad for the economy, and that does not leave us with many options. >> the effects of fiscal policy on the economy are different under different economic circumstances. that is a widely held -- not universally held, but widely held -- view...
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Feb 17, 2013
02/13
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CNNW
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i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is generally a conversation even beyond that that there is more than people think there is just gets hidden. is corruption a big problem in china? >> yes, it is a problem. it is a political problem more than an economic problem. >> why is it an economic problem? >> i often joke, this is, i warn people and this is oversimplifying fine line. i often joke that in china corruption is done. things and investments are done. where many parts of the world corruption happens without actual investments being done. which is better? of course, i'm not defending corruption. >> but pro-grow
i think fundamentally it's because the economy is a steel of poor economy. per capita income is still 18% of the u.s. per capita income. a long way for the chinese economy to go to catch up. so fundamentally they're still basic forces, both on the demand side, supply side so forth to push the economy to grow reasonably fast. >> people have been talking about corruption in china because over the last few months we've heard a lot of stories, various members of standing committee and this is...
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Feb 21, 2013
02/13
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WMPT
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>> even the japanese economy is about china. the american economy relies on them for the military and -- to maintain a stable balance of power in action -- they are concerned of a change in power. chinese growth makes the japanese economy important. and they will talk about china. >> they have to have japan act -- the second and third largest economies in china and japan, and japan is the counterbalance. >> the u.s. doesn't have the ability to stop china's growth, and will the major economies have the clout to write the rules and set the norms that make sure china's rise is useful. >> we could be talking ofut the security concerns china and japan. this is almost the same, keeping a check on the rising china. >> containing china is not in our means. there is a finite security problem, the island dispute where both sides have been more robust, shall we say, in pursuing the claims as japan buys the islands and china by swarming the waters with paramilitary units, much more aggrressive in the rules of engagement. the prime minister
>> even the japanese economy is about china. the american economy relies on them for the military and -- to maintain a stable balance of power in action -- they are concerned of a change in power. chinese growth makes the japanese economy important. and they will talk about china. >> they have to have japan act -- the second and third largest economies in china and japan, and japan is the counterbalance. >> the u.s. doesn't have the ability to stop china's growth, and will the...